With blended families and more people opting not to have children, some people may have a concern of who to leave one’s estate to or who will manage their estate after their passing. For many people, friends that take on similar responsibilities and duties to family members, are becoming an increasing option to leave assets to or nominate as a fiduciary. The New York Times has a great article exploring this trend and provides some general considerations when naming friends as estate beneficiaries or fiduciary nominations. Please click on the below link to learn more.

NYTimes: https://www.nytimes.com/2023/04/29/business/friends-wills-inheritance-beneficiary.html

Non-Pay Walled Version: https://dnyuz.com/2023/04/29/when-friends-are-your-primary-concern-in-making-a-will/

Please contact one of our knowledgeable and experienced Estate Planning attorneys if you would like to discuss your estate plan and beneficiaries in more detail.